One is looking for owner financing. If you and your dad have good credit, sellers won't care how many other mortgages he has.
A related possibility ... more
I don't think there are a lot of assumed mortgages going on these days with the low rates that we have. why are you looking to assume a mortgage? You still need a go ... more
This is not information as a realtora that I will have access to, unless of course the selle is my client and he or she gives me the information. There is really no need ... more
It depends on property owner current lender, if home is short sale mos ... more
I assume you're looking at RealtyTrac? It's impossible to tell.
I can tell you it does NOT mean $100,000 and take over the payments. That w ... more
By assumable, do you mean an assumable mortgage? Why is it that you are looking for that or a foreclosure? There are many good deals to be found out there right no ... more
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall A ... more
There are many pitfalls in what you are seeking. The largest is to find a home of that size, in that area with an assumable loan.
If you would like to discuss it, you ca ... more
My associates and I work specifically on Lease Purchase deals (lease-to-own). It's VERY rare to find sellers on here that will Lease-to-Own their house. ... more
Keep that friend around. A top notch REALTOR will have relationships with reputable local lenders and can have 1 - 3 mortgage lenders to give you a call to have a 15 - 20 ... more
1) Basically you have to choose which loan product you want to run with. FHA loans right now have much loo ... more
Coming from a Mortgage Brokers perspective it is most important to be pre approved first. This will help an agent narrow down properties to show you.
3.5% is the requi ... more
There are fewer rent to own properties in the current market. With historic low interest rates, an $8k first time buyer credit, and mortgage programs with as little as 3.5% ... more
You cannot have more then 4 properties that you have a mortgage on. This would include your primary home. However, you can still purchase another ... more